SHERIDAN, WYOMING, UNITED STATES, November 17, 2021 /EINPresswire.com/ – According to the latest IMARC group report, entitled “Global market for cakes and pastries: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026 “, the global cakes and pastries market reached a value of US $ 124.8 billion in 2020. Looking ahead, the group IMARC expects the market to grow at a CAGR of 4.5% in 2021-2026.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Cakes and pastries refer to baked goods prepared by baking with ingredients such as sugar, baking soda, flour, eggs, baking powder, etc. Some pastries commonly available in the market are puffs, shortcuts, choux, etc. They are generally consumed on ceremonies including birthdays, weddings, anniversaries, etc. Cakes and pastries are available in different shapes and sizes and can be personalized according to consumer preferences. They are often baked in the oven and are used as a crust for pies and pies.
The increasing levels of urbanization and the growing demand for decadent food products are mainly driving the cake and pastry market across the world. In addition, the growth of the labor force and the inflation of disposable income has led to an increase in the consumption of various ready-to-eat food products, such as cakes, pies and pastries, thus propelling the growth of the market. With this in mind, continued experimentation to introduce distinctive flavors of toppings and toppings and the growing demand for personalized pastries and cakes is another growth driver. In addition, the growing awareness of consumer health has led to the incorporation of healthier alternative ingredients including whole wheat flour instead of white flour which is also increasing the global market. Apart from this, the growing demand for low sodium, gluten free, multigrain and organic baked goods will continue to support the cake and pastry market during the forecast period.
Cake and Pastry Market 2021-2026 Competitive Analysis and Segmentation:
Competitive landscape with key players:
The competitive landscape of the Cake and Pastry Market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
American Bakery Company
Edwards Cake & Candy Supplies
BreadTalk Group Limited
Key market segmentation:
The report segmented the Cakes and Pastries market on the basis of product, type, industry, distribution channel and region.
Breakdown by product:
Artisanal Bakery Products
Bakery products in store
Breakdown by type:
Frozen cakes and pastries
Breakdown by sector:
Breakdown by distribution channel:
Supermarkets and hypermarkets
Breakdown by region:
Middle East and Africa
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/cakes-pastries-market
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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